Mr. Glenn Mullan reports

VAL-D'OR MINING ANNOUNCES SHAREHOLDER MEETING RESULTS AND OPTION GRANTS

Val-d'Or Mining Corp. has released the results of its annual general and special meeting of shareholders held both in Val d'Or, Que., and by telephone conference on June 23, 2022.

At the meeting shareholders elected five directors, being Louis Doyle, Deborah Honig, Glenn J. Mullan, Lukas Shewchuk and Dr. C. Jens Zinke. Shareholders appointed MNP LLP as Val-d'Or Mining's auditor for the ensuing year and approved the previously adopted 10 per cent rolling stock option incentive plan, as amended and restated, to reflect the provisions of the TSX Venture Exchange Policy 4.4 -- Security Based Compensation, as required by the TSX Venture Exchange.

Following the shareholder meeting, the board reconstituted its audit committee and its compensation and corporate governance committee. The board also appointed officers for the ensuing year as follows:

Chair, president and chief executive officer:  Mr. Mullan

Lead director:  Ms. Honig

Chief financial officer and corporate secretary:  Rico De Vega

Chief operating officer:  Dr. Zinke

Vice-president of exploration:  Michael P. Rosatelli

The company's board has granted incentive stock options to its directors, officers, employees and consultants entitling the purchase of an aggregate 1.7 million common shares at a per share price of eight cents for a period of five years.